diff --git a/go.mod b/go.mod
index a3c8e7b476..adb300b193 100644
--- a/go.mod
+++ b/go.mod
@@ -5,7 +5,7 @@ go 1.19
 require (
 	cosmossdk.io/math v1.1.2
 	github.com/cosmos/cosmos-sdk v0.46.12
-	github.com/cosmos/ibc-go/v5 v5.3.1
+	github.com/cosmos/ibc-go/v5 v5.3.2
 	github.com/gorilla/mux v1.8.0
 	github.com/rakyll/statik v0.1.7
 	github.com/regen-network/regen-ledger/types/v2 v2.0.0
diff --git a/go.sum b/go.sum
index 8f44c08eb7..893c1fe4ec 100644
--- a/go.sum
+++ b/go.sum
@@ -379,8 +379,8 @@ github.com/cosmos/gorocksdb v1.2.0 h1:d0l3jJG8M4hBouIZq0mDUHZ+zjOx044J3nGRskwTb4
 github.com/cosmos/gorocksdb v1.2.0/go.mod h1:aaKvKItm514hKfNJpUJXnnOWeBnk2GL4+Qw9NHizILw=
 github.com/cosmos/iavl v0.19.6 h1:XY78yEeNPrEYyNCKlqr9chrwoeSDJ0bV2VjocTk//OU=
 github.com/cosmos/iavl v0.19.6/go.mod h1:X9PKD3J0iFxdmgNLa7b2LYWdsGd90ToV5cAONApkEPw=
-github.com/cosmos/ibc-go/v5 v5.3.1 h1:zuaIWMEoXM9egWmmAqzBPYLvEjYgB6xy6wZoc8xsZ5U=
-github.com/cosmos/ibc-go/v5 v5.3.1/go.mod h1:Q2W1rjtwR738fqFQhE66dZ0frsLlr+Wiezlwei0TMGo=
+github.com/cosmos/ibc-go/v5 v5.3.2 h1:PPSs5hNAjYd8jVfHvXsqfnCYd/r9C7wpu+O2A4TOO5g=
+github.com/cosmos/ibc-go/v5 v5.3.2/go.mod h1:Q2W1rjtwR738fqFQhE66dZ0frsLlr+Wiezlwei0TMGo=
 github.com/cosmos/keyring v1.2.0 h1:8C1lBP9xhImmIabyXW4c3vFjjLiBdGCmfLUfeZlV1Yo=
 github.com/cosmos/keyring v1.2.0/go.mod h1:fc+wB5KTk9wQ9sDx0kFXB3A0MaeGHM9AwRStKOQ5vOA=
 github.com/cosmos/ledger-cosmos-go v0.12.2 h1:/XYaBlE2BJxtvpkHiBm97gFGSGmYGKunKyF3nNqAXZA=